According to Reuters, the artificial intelligence company XAI, under the banner of Elon Musk, plans to sell 300 million United States dollars in equity with a valuation of $113 billion. This debt financing was launched on Monday and consists of B-type fixed-term loans, fixed-interest fixed-term loans and advanced guarantee instruments, the proceeds of which will be used for general business purposes and the deadline for financing commitments is 17 June.
Bloomberg quoted sources that XAI ‘ s $300 million stock sales deal was aimed primarily at in-house employees, allowing them to make part of the cash flow by selling shares in their hands, while introducing new investors to the company. Upon completion of the transaction, it is known that XAI plans to undertake larger-scale financing to attract external capital through the issuance of new shares, including the recent rumour of Morgan Stanley’s $5 billion debt financing scheme.
In March of this year, XAI formally acquired the X (formerly Twitter) platform, and the consolidated company valuation reached $113 billion, of which XAI valued $80 billion and X valued $33 billion. This compares with the estimate of $40 billion at the end of 2024, with a rapid increase. Most investors and analysts are optimistic about the high value of XAI, thanks to the brand effect of Mask and the prospect of extensive use of AI technology.
It has also been reported that Mask has now launched the Trump Government team to end its four-month tumultuous tenure of the overall cost-cutting plan led by the Ministry of Government Efficiency. The President of the United States, Donald Trump, stated that Mask would continue to serve as his close adviser.
